Subject category:
Strategy and General Management
Published by:
IBS Research Center
Length: 14 pages
Data source: Published sources
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Abstract
In 2005, Oracle Corporation, the world's largest enterprise software company, with offices in more than 145 countries, employed over 50, 000 people. In the fiscal year 2005, its revenues were $11,799 million. Siebel Systems Inc, marketed customer relationship management (CRM) applications tailored for various industries. In early 2001, Siebel faced a financial crisis as many of its customers switched to companies which offered an integrated suite instead of specialised applications at a lesser cost. In September 2005, Oracle decided to acquire Siebel for $5.8 billion. The acquisition completed in early 2006, added 4,000 customers, 3.4 million CRM users and front end enterprise applications into its portfolio. Oracle competed with SAP AG for the number one position in the global enterprise software business. However, Oracle faced competition from niche players like Salesforce.com and RightNow Technologies, which provided business software services to its customers at lower prices. The case study highlights the acquisition of Siebel, synergies attained and impact of the acquisition on the global software market.
Location:
Industry:
Size:
50,881 employees (2005)
Other setting(s):
2004-2005
About
Abstract
In 2005, Oracle Corporation, the world's largest enterprise software company, with offices in more than 145 countries, employed over 50, 000 people. In the fiscal year 2005, its revenues were $11,799 million. Siebel Systems Inc, marketed customer relationship management (CRM) applications tailored for various industries. In early 2001, Siebel faced a financial crisis as many of its customers switched to companies which offered an integrated suite instead of specialised applications at a lesser cost. In September 2005, Oracle decided to acquire Siebel for $5.8 billion. The acquisition completed in early 2006, added 4,000 customers, 3.4 million CRM users and front end enterprise applications into its portfolio. Oracle competed with SAP AG for the number one position in the global enterprise software business. However, Oracle faced competition from niche players like Salesforce.com and RightNow Technologies, which provided business software services to its customers at lower prices. The case study highlights the acquisition of Siebel, synergies attained and impact of the acquisition on the global software market.
Settings
Location:
Industry:
Size:
50,881 employees (2005)
Other setting(s):
2004-2005